EU Government Notices for Feb. 20-21
The European Union issued the following trade-related releases Feb. 20-21 (notices of most significance will be given separate headlines):
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
- EU-Ukraine Summit. The 16th EU-Ukraine Summit will take place Feb. 25. Many issues will be discussed, including trade relations. The main goal of the Summit is signature of the EU-Ukraine Association Agreement, which will also provide for the establishment of a Deep and Comprehensive Free Trade Area. The EU accounted for 29% of Ukraine’s external trade in 2011, being its second commercial partner after Russia. In the last ten years, bilateral trade grew by more than 160%. Ukraine is facing a structural trade deficit with the EU (here).
- Transatlantic Trade and Investment Partnership. Karel de Gucht, European Commissioner for Trade, gave a speech to the Committee on International Trade (INTA) of the European Parliament. Noting the possible economic effects of the proposed Transatlantic Trade and Investment Partnership he said, "the EU's GDP will get a half a per cent boost -- which translates into tens of billions of euros every year. Half a per cent in today’s terms would be roughly equivalent to two-thirds of the yearly EU budget." Traditional tariffs will be eliminated and differences in technical regulations, standards and certifications resolved in the negotiations among discussing topics like sanitary and phytosanitary issues, intellectual property rights, procurement, and investment rules. (here)
- Recalls. The European Commission issued its weekly list of measures to prevent or restrict the marketing or use of nearly 45 products in the EU, including certain chemical products, motor vehicles, lighting equipment, clothing, and toys. (here)